“I think we’re probably headed for $75 oil price in the next six months.” Harold Hamm interview on CNBC. Not only is Oklahoma oilman Harold Hamm not consumed about the killing of an Iranian general and its effect on the world’s oil and gas industry, he’s predicting U.S. oil prices will jump 19% in the …
A new solar demand fee implemented in 2018 by Kansas-based Evergy has resulted in a big drop in sales for the company. As the Energy News Network discovered, the number of customers seeking to connect solar panels in eastern Kansas plunged in 2019. Evergy, the state’s largest electric utility, instituted the demand fee on residential …
Tulsa’s Laredo Petroleum has launched a nearly $1 billion effort to refinance its debt. In an announcement this week, the company offered $900 million in different senior unsecured notes including $450 million in notes due 2025 and another $450 million in notes due 2028. Laredo stated it will use the net proceeds to finance its …
Energy Transfer’s finalized acquisition of SemGroup Corp. means 108 workers at the company’s offices in Tulsa and Oklahoma City are losing their jobs. The Dallas-based company sent a notice to the Oklahoma Office of Workforce Development of the layoff of 108 workers. The layoffs were the result of the purchase of SemGroup Corp. which was …
Motorists will find another stretch of Oklahoma City’s Kilpatrick Turnpike to be open this week as the State Turnpike Authority plans a ribbon-cutting ceremony on Thursday. The 7.5 million extension from the west side of Oklahoma City at I-40 will reach to state highway 152 or Airport Road into the southwest side of the city. …
Tulsa-based WPX Energy launched a $900 million public offering of senior unsecured notes this week in an effort to fulfill its obligation to pay off the cash end of the $2.5 billion purchase of a Permian Basin operator. WPX stated in the announcement that it will deposit proceeds into an escrow account upon the …
Chesapeake Energy Corporation announced it has acquired more than $616 million in Senior notes in the Oklahoma City company’s recent tender offer on behalf of its subsidiaries Brazos Valley Longhorn, LLC and Brazos Valley Longhorn Finance Corp. In a Tuesday announcement, the company said the cash offer involved any and all of its …
Executives of Helmerich and Payne, Inc. in Tulsa are taking part in this week’s Goldman Sachs Global Energy Conference 2020 in Miami, Florida. John Lindsay, President and CEO and Mark Smith, Vice President and CFO and Dave Wilson, Director of Investor Relations are taking part in the conference. John Lindsay will participate in a panel …
Houston’s Marathon Oil Company reports two sister wells drilled in the SCOOP brought in more than 4,100 barrels of oil a day when they were completed in October 2019. Completion reports filed this week on the two Bowser 0304 wells drilled at 17 3N 4W in Garvin County or about 6 miles south of Lindsay …
Before 2019 came to an end, Tulsa-based NGL Energy Operating, LLC signed an agreement with its credit facility to extend its borrowing agreement by another $125 million. A filing with the U.S. Securities Exchange Commission showed NGL Energy Operating, a wholly-owned subsidiary of NGL Energy Partners LP entered into an agreement with Deutsche Bank …